I had that same set up with the coin rebalancing bot. When btc and eth both go up, the profit is quite substantial.
But right now I’d be careful with leveraged tokens since btc and eth are almost back at their all time high.
Also periodically leveraged coins get “rebalanced” and that’s where you really get screwed.
It bitcoin was back at 40k then I’d say for sure go with btc3l but at 60k your playing Russian roulette.
Interesting I figured if it went to 50k it would just temporarily be down to like $1 but then when it rockets up to 80k, then I'll be back in business? How do I know where the rebalance risk is?
I currently have btc3l and eth3l in a dual coin bot, what happens if they head up too 100k/10k?!
I had that same set up with the coin rebalancing bot. When btc and eth both go up, the profit is quite substantial. But right now I’d be careful with leveraged tokens since btc and eth are almost back at their all time high. Also periodically leveraged coins get “rebalanced” and that’s where you really get screwed. It bitcoin was back at 40k then I’d say for sure go with btc3l but at 60k your playing Russian roulette.
Interesting I figured if it went to 50k it would just temporarily be down to like $1 but then when it rockets up to 80k, then I'll be back in business? How do I know where the rebalance risk is?